Ask an Accountant

Hi. My wife started becoming a social media influencer through her Instagram account. Can I start to deduct her business-related expenses from my other active income (W-2 and K-1 that is not passive)? My wife and I file a joint return. Thank you.

Am I eligible for the $12k standard deductible for my 2020 taxes or will I have to file for an itemized deduction?

Am i able to write off charitable donations as a business expense in 2020?

I have financially supported my 25 year old roommate for the majority of this year- with housing, food, utilities, etc. He has had no income, and has paid nothing to me this year. Can I claim him as a dependent to write off those expenses?

Claiming someone as a dependent

Does a business that sells labor and services have to collect sales tax on those services in Washington?

Can I write off fixed indemnity health benefits like Aflac insurance?

If expenses outweigh the mileage deductible can I use expenses even though I filed mileage last year? Or can we not switch

filing quarterly taxes

I do have a question about QBI the qualified business income deduction. I deliver for DoorDash and I was wondering if I can use that as a deduction

After the 6000 in lease down payment, is the monthly cost of the vehicle lease across three years also tax deductible?

Do you know if the employer can get tax deductions from reimbursing employees' mileage?

Basically I have tried to apply for a EIDL loan through the SBA. However I have not filed my taxes for my business. How far can I go back and what would I need as far as paper work?

What can I do if I have lost W9 and 1099 forms for 2016 I haven't filed in a few years because of this issue?

I was told by a business owner that is is more beneficial for me to open an LLC and then work my real estate business under the LLC instead of working 1099. Do you know if that is true? And would you happen to know why?

I'm torn, trying to figure out if I should actually create a company or just keep doing IC work informally. Could you help me figure out which would be better as far as my taxes go?

What are the benefits or drawbacks that might have in relation to ssdi?

So I submitted 2553 to the federal government, what else do I need to submit ? To have my LLC treated like a s Corp. Also, how do I get a sep ira if I hired myself as an Employee.

I'm a seller on etsy and the shipping fees are deducted from my 'wallet' before income is deposited. How do I account for this?

I need to further understand section 179. Is that more advantageous than depreciating over the year if i were to use it 4-5 years only?

I'm a 1099 basketball referee. So my gym membership... keeps me in ready for officiating ... is it a tax write off?

Can I write off training costs(enrollment, ad investment training) even if I haven't actually started a business? I'm exploring different online ventures and trying to land one I think will work for me.

I have more deductions than income this year..so my business profit is $0 so far. Since it says I won't need to pay any taxes, will I qualify for Earned Income Tax credit?

If I’m moving this month should I be paying taxes in the city I’m moving to or the one where I did the majority of my business in until now?

If I buy a handgun to be used for personal protection while showing houses. Is that considered a business expenses? I purchased the handgun today.

I have 2 businesses. One is a LLC and other one is sole proprietorship. How can I divide my write-offs and add them to each of those returns or is it just one?

My dogs are my emotional support animals, so am I able to write off all their expenses as well since they help me with my day to day sanity and support as a independent contractor?

Can I use car towing service charges as a write off?

Can a car tag renewal be a tax write-off?

Would icloud storage count as a tax write off if I use my phone for work?

Do I have to buy a phone outright in order for it to be a tax write off? Or does it count if I make monthly payments?

Are business checking account service fees tax deductible?